The recent tie up between global investment bank Goldman Sachs with Bengaluru-based developer Nitesh Estates to jointly invest in commercial real estate assets for up to $250 million is just one case of private equity association with a Bengaluru
Imagine buying a house by liquidating crucial investments and taking a huge loan. When it’s time for you to move in, the government declares it illegal. This is exactly what happened with buyers in two separate cases in Noida.
Housing prices have risen to record high levels, but increase in disposable income of the homebuyers has made the purchase of a house most affordable in over a decade, according to mortgage giant HDFC Ltd.
With the reviving economy having infused a renewed sense of confidence among HNI home buyers, there has been a significant surge in demand for luxury homes asset class in the metropolitan cities of India.
Gold coins and jewellery were not the only things aggressively marketed this Akshaya Tritiya. Real estate developers were also pushing new variants of the once-frowned-upon 80:20 or 75:25 schemes to lure property buyers.
This is a good time for home buyers, with several lending institutions slashing their home loan rates recently. Home buyers have a tendency to skip through the details of a home loan agreement. That should not be the case.